(ALEXANDER KLEIN/AFP/Getty Images

OPEC chief urges oil investment despite low prices

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The secretary-general of OPEC on Sunday urged Gulf Arab nations to keep investing in oilfield development despite the plunge in crude prices and gave no indication the cartel was prepared to shift its strategy to halt the slide.
Al Monaco, president and CEO of Enbridge Inc., speaks during the IHS CERAWeek. (Melissa Phillip/Houston Chronicle)

Enbridge lays off some Houston-area workers

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The Houston-based pipeline company last week cut positions in its under-performing domestic gas pipelines and processing business unit, including jobs in the office and field locations.
(AP Photo/The Times, Kyle Telechan)

Magellan condensate splitter in Corpus Christi gets clearance

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A $250 million condensate splitter proposed for Corpus Christi got clearance from federal regulators on Friday, bringing it one step closer to construction.

A Martian Looks at Climate Negotiations

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An interesting mind game involves thinking about what a Martian would think if he/she came down and observed the activities in Lima at this year’s COP.  It doesn’t take much a stretch of the imagination to conclude that upon returning to Mars, he/she would report that there doesn’t appear to be intelligent life on earth. […]
Categories: General
(DEwira/AFP/Getty Images)

Cheaper crude doesn’t mean cheaper products yet

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Raw materials and fuel have gotten less expensive as oil prices plunge to their lowest levels in five years, but manufacturers may be reticent to pass on those savings to consumers until the volatile oil and gasoline markets begin to settle.
(Courtesy of LyondellBasell)

Shale boom spurs chemical industry expansion

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The industry grew by 2 percent this year and is expected to swell further next year as advances in drilling and completion technologies unlock vast new supplies of hydrocarbons that chemical companies rely on to make products and fuel their plants.
(Eddie Seal/Bloomberg)

Goodrich pares spending plans, considers selling Eagle Ford assets

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In the first half of next year, Goodrich will explore “strategic alternatives” for all or a portion of its Eagle Ford acreage to give the company greater flexibility to expand development under better market conditions, the company said in a release Wednesday.
Photo:  engineeringdesignresources.com

Some tips to study for the petroleum PE exam

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Just over six weeks ago I sat the petroleum Professional Engineer (PE) test.  I should be getting my results any day now, and while I don’t want to jinx anything, I think I did well despite the test being so tough. I’m confident because I spent ample time preparing, but even before I could start […]
Chevron CEO John S. Watson in Houston in April 2014. (Mayra Beltran/Houston Chronicle)

Chevron to delay capital spending announcement

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Chevron, the second largest U.S. integrated energy company, announced Tuesday that its budget won’t be made public until early next year.
Sweeny is the largest refinery by capacity in the portfolio of Phillips 66, Houston’s biggest Fortune 500 company. (Ryan Holeywell/Houston Chronicle)

Phillips 66 eyeing condensate splitter for Sweeny

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The Houston-based company has applied for a permit from the state’s environmental regulator to build a simplified splitter unit at its Sweeny refinery.